Aon's Climate Risk Monitor has been significantly enhanced through a collaboration with flood expert, Fathom, aimed at offering clients improved flood risk assessment capabilities. Initially launched in March, the Climate Risk Monitor enables clients to visualize and analyze their exposure to
MS&AD Ventures, the pioneering corporate venture fund of the Japanese insurance giant MS&AD, has recently made a strategic decision to augment its fund size by $100 million, elevating the total to $400 million. Established in 2018, MS&AD Ventures stands out as the first Corporate
The newly-announced Elevate Florida program, introduced at the Florida Chamber of Commerce Insurance Summit, is a comprehensive state-federal initiative aimed at mitigating flood risks and reducing insurance costs for homeowners. This program is designed to provide grants and low-interest loans to
Insurance fraud isn’t just a growing issue—it’s an evolving one. In 2024, fraudsters are leveraging advanced technologies like artificial intelligence and exploiting systemic vulnerabilities in the insurance industry, costing companies billions annually. From synthetic identity scams to deepf
Krispy Kreme Inc. recently faced a significant cybersecurity incident that disrupted its operations, notably affecting online ordering in parts of the United States. The breach, which was discovered on November 29, prompted an immediate response from the company, including an investigation with the
In a significant move by the U.S. Supreme Court, a securities fraud lawsuit against the technology giant Nvidia has been dismissed without addressing the fundamental legal issues at hand. The case was brought by E. Ohman J:or Fonder AB, a Stockholm-based investment firm, accusing Nvidia of
The commercial insurance market in the United States has been experiencing a steady increase in rates, a trend that has persisted since the end of the COVID-19 pandemic. According to Willis Towers Watson's (WTW) Commercial Lines Insurance Pricing Survey (CLIPS), the overall average price
The Prudential Regulation Authority (PRA) has proposed new regulations requiring large British life insurers to report their liquidity positions daily during market crises. This move comes in response to the information gaps identified during financial turmoil triggered by the global COVID-19
New York City's Taxi and Limousine Commission (TLC) recently proposed significant changes to commercial auto insurance requirements in response to the financial instability of American Transit Insurance Co. (ATIC), which insures around 60% of the city's 120,000 for-hire vehicles. ATIC
Inigo Ltd., a British specialist insurance group, is presently examining an array of strategic options aimed at enhancing its value. The company's shareholders, including JC Flowers & Co. and Qatar Investment Authority, are collaborating with Evercore Inc. to explore various potential
